Fact sheet: CM Fidelity Extra Income Pension

Fund information
Fund name
CM Fidelity Extra Income Pension
Fund manager company
Scottish Widows Invt Sols (inc
Fund type
Pension Fund
Fund managers
  • Sajiv Vaidsince 02/08/2015
  • Ian Spreadburysince 30/06/2002
Underlying fund
Fidelity Extra Income
Fund objective
To achieve a relatively high level of income from a portfolio invested in a combination of UK corporate and government bonds and other fixed income and money market securities, preference shares and convertibles.
Benchmark
  • Citigroup WGBI UK
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
8.3%
1 Year rank in sector
69/168
Sector
PN Sterling Strategic Bond
Yield
-
Fund size
£5m (£5m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
26
Bid price
193.9
Offer price
204
Top in this sector
Fund name1 Year
OMW AXA Framlington Mgd Inc13.8%
AXA Wealth AXA Fram Mgd Inc Pn13.2%
Canlife AXA Fram Mgd Inc Pn13.1%
LV= Artemis High Income Pn12%
Aviva Art High Income Pn11%
...more in PN Sterling Strategic Bond

Performance snapshot

Holdings snapshot

  • UK59.4%
    USA10.8%
    Continental Europe7.4%
    Europe5.1%
    Germany4.5%
  • High Yield Bond37.3%
    Investment Grade Bonds27.5%
    Financials17.1%
    Asset/Mortgage-Backed Securities8.4%
    Government Bonds4.9%
  • UK Fixed Interest56.9%
    UK Corporate Fixed Interest37.3%
    UK Gilts4.9%
    Alternative Investment Strategies1%
    Money Market0%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.4%0.3%1.6%8.3%15.6%38.6%
Sector1.2%0.7%2.6%7.5%12.9%38.2%
Rank within sector48 / 173116 / 172122 / 17269 / 16851 / 15582 / 143
Quartile2nd3rd3rd2nd2nd3rd
Calendar performance
 YTD - 20172016201520142013
Fund0.4%7.9%-0.6%9.2%3.1%
Sector0.5%6.7%0.7%5.6%5.9%
Rank within sector126 / 17351 / 168127 / 16313 / 155126 / 151
Quartile3rd2nd4th1st4th
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
-0.1
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
1.29
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
0.43
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
4.52
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
1.95
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
0.55
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.85
Price movement
52 week high197.9
52 week low175.1
Current bid price193.9
Current offer price204
Current mid price-
Region
1UK59.42%
2USA10.83%
3Continental Europe7.36%
4Europe5.08%
5Germany4.52%
6France4.32%
7Latin America2.89%
8Switzerland1.22%
9Australasia1.16%
Industry sector
1High Yield Bond37.28%
2Investment Grade Bonds27.47%
3Financials17.09%
4Asset/Mortgage-Backed Securities8.42%
5Government Bonds4.85%
6Others3.75%
7Foreign Exchange0.96%
8Investment Grade Government Bonds0.15%
9Money Market0.03%
Asset type
1UK Fixed Interest56.88%
2UK Corporate Fixed Interest37.28%
3UK Gilts4.85%
4Alternative Investment Strategies0.96%
5Money Market0.03%
Individual holdings
1RWE FINANCE BV 6.125% MTN 06/07/39 GBP500001.14%
2TREASURY 2% GILT 22/07/20 GBP0.011.04%
3IMPERIAL BRANDS FINANCE PLC 9% GTD NTS 17/02/22 GBP500001.01%
4EDF 6% BDS 22/01/14 USD20000.94%
5PREMIERTEL CLS`B`6.175% BDS 8/5/32 GBP10000.89%
6GREAT ROLLING STOCK CO LTD 6.25% NTS 27/07/20 GBP10000.88%
7ENTERPRISE INNS 6.375% SEC BDS 26/9/2031 GBP10000.83%
8TREASURY 2% GILT 07/09/25 GBP0.010.83%
9UNITED STATES OF AMER TREAS NOTES 2.125% TB 15/05/25 USD10000.83%
Management
Fund manager group
Scottish Widows
Fund manager company
Scottish Widows Invt Sols (inc
Fund type
Pension Fund
Fund objective
To achieve a relatively high level of income from a portfolio invested in a combination of UK corporate and government bonds and other fixed income and money market securities, preference shares and convertibles.
Benchmark
  • Citigroup WGBI UK
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Sajiv Vaid02/08/2015Sajiv Vaid joined Fidelity in 2015 and is co-Manager on the Moneybuilder and Extra Income Funds. After graduation Sajiv joined Gerrard Group (1994-1997) as a trainee bond fund manager, joining Fuji Investments as a fully-fledged bond fund manager in 1997, where he managed global fixed income portfolios. In 2001, he joined Royal London Asset Management where he managed their flagship retail and institutional corporate funds. Sajiv graduated from the University of Hull in 1991 in Economic & Social History and holds an MA in Modern Internatio.al Studies from University of Leeds.
Ian Spreadbury30/06/2002Ian Spreadbury is a Senior Portfolio Manager at Fidelity International with 30 years investment experience. Since joining Fidelity in 1995, he has been responsible for managing several of Fidelity's bond strategies. Previously, he worked for Legal and General in various positions including Senior Portfolio Manager (Bonds). Ian has a BSc in Pure & Applied Mathematics from University College of North Wales and an MSc in Mathematical Statistics from University of Sussex. He is also a Fellow of the Institute of Actuaries and is one of the most experienced fixed income managers in the industry.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
CM Fidelity Extra Income Pension
Initial charge-
Annual charge1.95%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price193.9
Offer price204
Mid price-
CurrencyGBX
Price updated16/01/2017
Type-
Institutional or retail classRetail
Domicile-
Citi codeYA63
Data provided by

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